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The Latest Breaking News from OpenSea

Short Circuit: An inexhaustive weekly compendium of rulings from the federal courts of appeal

Miami vice, tactical dog bites, and the tantalizing takings clause.

Reason

Robinhood is latest company to say the SEC has halted probe into its crypto business

The regulator has also halted litigation or stopped investigations into Binance, Coinbase, and OpenSea.

Fortune

SEC To Dismiss Coinbase Case, Ends OpenSea Probe: What It Could Mean For Crypto

The SEC has reached an agreement with Coinbase to dismiss its lawsuits against the crypto exchange and it has also decided to end its investigation into NFT marketplace OpenSea.

International Business Times

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Almost 10,000 images of tennis balls plunge up to 90% in value as Australian Open appears to ditch NFTs

Ball artworks were worth about $278 in 2022, falling steeply to as low as $25 on NFT exchange OpenSea

The Guardian - AU

'No Other Choice': Crypto.com Sues SEC After Receiving Wells Notice

Crypto.com is taking the SEC to court after the crypto exchange received a Wells notice, joining the expanding list of crypto-related firms that have been threatened with enforcement action for their services and offerings.

International Business Times

'Uncharted Territory': Mixed Reactions After OpenSea CEO Reveals SEC Wells Notice

OpenSea's Devin Finzer said the NFT marketplace received a Wells notice from the SEC, and while many are defending the platform, others said OpenSea brought it upon itself.

International Business Times

Here are the biggest crypto stories of 2023

In 2023, crypto industry onlookers were shocked by high-profile arrests and Sam Bankman-Fried’s trial but also given hope by a flurry of spot Bitcoin ETF applications and rebounding prices.

Fortune

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In a tough venture environment for crypto, here are the most notable fundraises of 2023

Crypto was on 2023’s naughty list, but some startups still managed to avoid coal in their stockings.

Fortune

Tiger Global markdowns include massive cuts to Bored Ape Yacht Club and OpenSea

The noted VC firm slashed its valuations of the crypto stalwarts even as the sector is seeing something of a resurgence.

Fortune

A former Blackstone exec wants to salvage WeWork from bankruptcy

The company has renegotiated more than 500 of its leases, and is working on doing so with another 400.

Fortune

Days after laying off 50% of their staff, OpenSea executives are talking strategy at a $9 million mansion once owned by Katy Perry and Russell Brand

OpenSea’s newest vision for its NFT marketplace includes many buzzwords. What do they mean? “I wish I knew,” a source familiar with the matter told Fortune.

Fortune

OpeaSea and NFTs used to be red-hot—not these days

The flagship company of the NFT sector looks like it may be out of ideas to force a turnaround.

Fortune

For artists to earn better compensation from NFTs, there needs to be more trust in Web3

OpenSea is sunsetting mandatory royalty fees because it said there wasn't enough buy-in from the 'Web3 ecosystem.'

Fortune

Former OpenSea employee withdraws bail request and will start serving 3-month sentence for NFT ‘insider trading’

Nate Chastain was convicted of one count each of wire fraud and money laundering.

Fortune

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Fortune

The unheralded woman who closed Polygon’s deals with Starbucks, Disney, and Mastercard is now a VP at OpenSea

"It's not as clear the work that women in the space are doing," Kelly DiGregorio, the incoming VP, told Fortune.

Fortune

DOJ accuses 25-year-old OpenSea spoofer of stealing $450,000 worth of NFTs and crypto

The spoofer allegedly stole and then sold off a Bored Ape NFT from a Manhattan-based victim.

Fortune

Blur overtakes OpenSea even as monthly NFT trading falls below $1 billion for first time in 2023

Blur garnered 65% of the NFT market as of May, according to DappRadar.

Fortune

Magic Eden will pay you to buy and sell Solana NFTs

The marketplace has recently seen a decrease in trading volume due to competition from Blur and OpenSea.

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Fortune

Keith Grossman brought NFTs to 99-year-old Time magazine—why he’s now all in on Web3

A veteran media executive on his unusual career change and what NFTs can unlock for the industry.

Fortune

Former Coinbase employee who tried to flee the U.S. sentenced to two years in prison for his role in the first cryptocurrency insider trading case

The former employee, Ishan Wahi, tried to leave the U.S. for India after Coinbase asked him for a meeting.

Fortune

This Week in the Metaverse: A former OpenSea employee is convicted, but a different court case could shed more light on the future of NFTs

The verdict against Nate Chastain was the first in a so-called "insider trading" case about NFTs.

Fortune

Conviction of former OpenSea product manager could broaden federal enforcement of wire fraud charges, legal experts say

Meanwhile, a lawyer for Nate Chastain said, "We are evaluating our options."

Fortune

This Week in the Metaverse: Zuckerberg tries to reconcile A.I. with the billions he’s already sunk into the metaverse

Meta’s metaverse division, Reality Labs, lost nearly $4 billion in the first quarter—a billion dollars more than it lost in the same period last year.

Fortune

Trial of former OpenSea product manager could broaden regulators' definition of 'insider trading'

The case could expand “insider trading” to include offenses outside financial markets as NFTs, at least for now, aren’t technically securities.

Fortune

With NFTs, the only constant has been change. How full-time artists are navigating the chaos

The argument over creator royalties at NFT marketplaces has artists like Melissa Wiederrecht adjusting to a new reality.

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